Fifth Third Wealth Advisors LLC Has $1.96 Million Stock Position in Casey's General Stores, Inc. (NASDAQ:CASY)

Fifth Third Wealth Advisors LLC raised its holdings in Casey's General Stores, Inc. (NASDAQ:CASY - Free Report) by 124.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,516 shares of the company's stock after acquiring an additional 2,508 shares during the period. Fifth Third Wealth Advisors LLC's holdings in Casey's General Stores were worth $1,960,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Natixis increased its stake in Casey's General Stores by 21.9% during the fourth quarter. Natixis now owns 8,337 shares of the company's stock worth $3,303,000 after acquiring an additional 1,499 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of Casey's General Stores by 55.6% during the fourth quarter. Sanctuary Advisors LLC now owns 8,579 shares of the company's stock valued at $3,629,000 after acquiring an additional 3,065 shares during the last quarter. Scholtz & Company LLC purchased a new stake in shares of Casey's General Stores in the 4th quarter valued at approximately $2,375,000. JLB & Associates Inc. lifted its holdings in shares of Casey's General Stores by 1.8% in the 4th quarter. JLB & Associates Inc. now owns 43,029 shares of the company's stock worth $17,049,000 after acquiring an additional 749 shares during the last quarter. Finally, Segall Bryant & Hamill LLC raised its position in Casey's General Stores by 9.1% in the fourth quarter. Segall Bryant & Hamill LLC now owns 53,330 shares of the company's stock valued at $21,131,000 after purchasing an additional 4,458 shares during the period. 85.63% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Katrina S. Lindsey sold 250 shares of Casey's General Stores stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $437.01, for a total value of $109,252.50. Following the sale, the insider now directly owns 2,443 shares in the company, valued at $1,067,615.43. This trade represents a 9.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mike Spanos acquired 256 shares of Casey's General Stores stock in a transaction dated Thursday, March 13th. The shares were acquired at an average price of $390.54 per share, with a total value of $99,978.24. Following the transaction, the director now owns 3,356 shares in the company, valued at approximately $1,310,652.24. This represents a 8.26% increase in their position. The disclosure for this purchase can be found here. Insiders own 0.56% of the company's stock.

Casey's General Stores Stock Performance

Shares of Casey's General Stores stock traded down $0.40 on Thursday, reaching $447.85. 102,248 shares of the stock were exchanged, compared to its average volume of 297,886. The business has a fifty day moving average price of $447.39 and a two-hundred day moving average price of $423.57. The firm has a market capitalization of $16.62 billion, a PE ratio of 31.19, a PEG ratio of 2.40 and a beta of 0.65. The company has a current ratio of 0.88, a quick ratio of 0.49 and a debt-to-equity ratio of 0.74. Casey's General Stores, Inc. has a 1-year low of $321.08 and a 1-year high of $474.97.

Casey's General Stores (NASDAQ:CASY - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $2.33 EPS for the quarter, topping the consensus estimate of $1.76 by $0.57. The firm had revenue of $3.90 billion during the quarter, compared to analysts' expectations of $3.74 billion. Casey's General Stores had a net margin of 3.57% and a return on equity of 17.17%. Casey's General Stores's revenue for the quarter was up 17.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.33 EPS. As a group, research analysts anticipate that Casey's General Stores, Inc. will post 13.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CASY has been the topic of several research analyst reports. Stephens upgraded Casey's General Stores to a "strong-buy" rating in a report on Monday, April 7th. Evercore ISI upped their target price on shares of Casey's General Stores from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 1st. Wall Street Zen cut shares of Casey's General Stores from a "buy" rating to a "hold" rating in a research report on Friday, May 30th. Gordon Haskett upgraded shares of Casey's General Stores from a "hold" rating to a "buy" rating in a research note on Thursday, February 13th. Finally, Royal Bank of Canada set a $438.00 price target on shares of Casey's General Stores and gave the stock a "sector perform" rating in a research note on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $430.33.

Casey's General Stores Company Profile

Casey's General Stores, Inc engages in the provision of management and operation of convenience stores and gasoline stations. It provides self-service gasoline, a wide selection of grocery items, and an array of freshly prepared food items. The firm offers food, beverages, tobacco products, health and beauty aids, automotive products, and other non-food items.